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joining us is the former budget director for the obama administration. vice chairman at citigroup, a veteran of these negotiations, thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you have been in their rhythms and seen how they go. what's your take? >> i think as you pointed out, it's still early. it's december 7th. both sides would be complaining if there was an agreement in place. but you can see the pieces coming together on the fiscal cliff some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not clear that the republicans will agree to including a debt limit increase in that kind of package and if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration has been clear they will not sign anything. even to get past december 31st. so do you think they can hold firm on tha
joining us is the former budget director for the obama administration. vice chairman at citigroup, a veteran of these negotiations, thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you have been in their rhythms and seen how they go. what's your take? >> i think as you pointed out, it's still early. it's december 7th. both sides would be complaining if there was an agreement in place. but you can see...
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which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in b
which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of...
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which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell
which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be...
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which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. customer erin swenson bought so, i'm h
which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of...
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this shows the overall unemployment rate under president obama's administration. which of the president's policies have helped the most in this? >> well, very crucial to this has been his decision to get congress to extend unemployment benefits, surprisingly. because people, when they have that money, are spending it back in the economy. remember, every 50th person you meet statistically only has food stamps today as income. and that's the result of these years of the republicans policies. so having unemployment and >> send thing unemployment benefits next year would be very important to continue to bring this number down and have businesses hire more people, because they have customers with money in their pockets to buy products and services. >> this is what could have happened if congress failed to pass the recovery act. the center on budget and policy priorities says that we've added almost $1 million more jobs because of the stimulus package. why are the republicans fighting stimulus spending now? why? is it they don't want to see president obama succeed or do
this shows the overall unemployment rate under president obama's administration. which of the president's policies have helped the most in this? >> well, very crucial to this has been his decision to get congress to extend unemployment benefits, surprisingly. because people, when they have that money, are spending it back in the economy. remember, every 50th person you meet statistically only has food stamps today as income. and that's the result of these years of the republicans...
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even if they are the victims of the attempt of the obama administration, correctly, to try to you know force the republicans to play ball on their terms, reality is, the collateral damage done to the poor in the meantime is so devastating, because the margin of reserve for those middle class, even compared to the poor is more significant than when you're making a dollar that you talked about and you've got go there -- i was on food stamps for three years i understand what it means to be on food stamps. most people are on welfare for two years or less, they use it as a stopgap measure. most people do not pimp the system. the perception is they pimp the system. you ain't doing much pimping on food stamps. about your a low rent pimp if you're on food stamps. >> alex? >> go ahead. >> reporter: i understand michael's point but i think he's giving obama -- underselling obama's effectiveness so far a little bit. obama doesn't talk a lot about the poor but in the negotiations, especialfully 2010, the president, his team, gene sperling and others were effective in protecting poor people's progr
even if they are the victims of the attempt of the obama administration, correctly, to try to you know force the republicans to play ball on their terms, reality is, the collateral damage done to the poor in the meantime is so devastating, because the margin of reserve for those middle class, even compared to the poor is more significant than when you're making a dollar that you talked about and you've got go there -- i was on food stamps for three years i understand what it means to be on food...
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administration. this is changing the color here is when president obama took over in january of '09. who is responsible for this turn around? >> the president and it would be a better turn around if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> we wasted 40% of that on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. is this historic? >> we're going in the right direction. we're not creating as many jobs as we need for the population growth, but it's astonishing we're recovering the way we are and if the republicans would stop creating the uncertainty, remember the uncertainty by not making a deal, we'd see the numbers improving very dramatically. let me ask in terms of the stability. these are numbers. does it look historic? it doesn't. but when we were down here, we were on the verge of tipping over. our whole economic situation, our financial situation
administration. this is changing the color here is when president obama took over in january of '09. who is responsible for this turn around? >> the president and it would be a better turn around if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> we wasted 40% of that on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. is this...
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november 7th his administration gleefully voted at the u.n. for a renewed effort to pass the small arms treaty. i don't know about you, but watching anti-american globalists plot against our constitution makes me sick." is this an indication, chris, although we don't think this is an issue that decides presidential elections it can raise money and maybe play a role in congressional elections. >> the gun issue in particular in rural parts of the country is a very emotional and very powerful issue. democrats and republicans i think realize that. the argument about somehow global treaties that has to do with the spread of arms that has to do with conflicts overseas is going to threaten second amendment rights of americans in the united states is border line laughable. at the end of the day i have not seen any democrat or any republican for that matter i've not seen the president taking away second amendment rights or making gun control an issue in the last four plus years so i'm not sure where this goes. at the end of the day, politics and ginnin
november 7th his administration gleefully voted at the u.n. for a renewed effort to pass the small arms treaty. i don't know about you, but watching anti-american globalists plot against our constitution makes me sick." is this an indication, chris, although we don't think this is an issue that decides presidential elections it can raise money and maybe play a role in congressional elections. >> the gun issue in particular in rural parts of the country is a very emotional and very...
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melissa has the former obama administration official. that's melissa harris-perry coming up next. we'll see you next week here on "up." and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your mont
melissa has the former obama administration official. that's melissa harris-perry coming up next. we'll see you next week here on "up." and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ maybe you want to incorporate a business. or protect your...
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the obama administration is right they don't want to go into syria. they have avoided a u.s. military intervention but chemical weapons changes everything in the calculation. the a divisive and dangerous moment in the syrian civil war. >> it's scary, scary stuff. ambassador, i want to get your take on one other thing. secretary of state clinton had some comments about ambassador rice, someone who is speculated as her successor to secretary and of state. i want to play that for you. >> it's important to remember what susan said was based on the information that had been given to every senior official. in our administration. and she made very clear in her appearances that the information was subject to change, as more facts were gathered and analyzed by the intelligence community and looked, as often the case, our understanding evolved over time. and we've done our best to keep the american people and the congress informed. that was her goal. >> so obviously, secretary clinton offering a vigorous defense of susan rice, the context obviously being the attacks on benghazi and lib
the obama administration is right they don't want to go into syria. they have avoided a u.s. military intervention but chemical weapons changes everything in the calculation. the a divisive and dangerous moment in the syrian civil war. >> it's scary, scary stuff. ambassador, i want to get your take on one other thing. secretary of state clinton had some comments about ambassador rice, someone who is speculated as her successor to secretary and of state. i want to play that for you....
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that's a big step. >> you can decide as the obama administration has not to defend doma. there's still consequences to doma being on the book and reasons why it has to go away. >> absolutely. >> if you are a same-sex couple and married it in one of the states you're now legally married and one dies you face estate tax situations. >> yeah. >> that a heterosexual couple doesn't. every time you file federal taxes you are treated differently. it says these relationships are lesser. i think we've evolved to a point this country where we accept gay and lesbian people as equal and say their relationships in the federal law are lesser than we're saying they're lesser. >> how it fits with the immigration debate as well. >> certainly. it's presently worth noting that bill clinton should maybe take a page from the joe biden playbook because he after all is the person we have to thank -- >> the joe biden playbook. >> and taking a page from it. >> thank you to ari, joy and frank for joining me today. that is all for us here at "now." see you back tomorrow at noon eastern, 9:00 a.m. pa
that's a big step. >> you can decide as the obama administration has not to defend doma. there's still consequences to doma being on the book and reasons why it has to go away. >> absolutely. >> if you are a same-sex couple and married it in one of the states you're now legally married and one dies you face estate tax situations. >> yeah. >> that a heterosexual couple doesn't. every time you file federal taxes you are treated differently. it says these...
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military officials and the obama administration want greater flexibility to launch operations against terror groups in africa. the operations would target al qaeda-related groups in countries like mali, nigeria, libya and others. >>> and "the oregonian," it was 71 years ago today that pearl harbor was bombed by the japanese in a surprise attack. 2,400 americans were killed. thousands will gather today to remember the raids with a moment of silence at 7:55 a.m., the exact time the bombings began in 1941. and when they began, my grandfather was on "the maryland." >> wow. >> my dad always took us out there. >>> let's go to "the seattle times." despite a federal ban, washington state's law allowing recreational marijuana described as one of the most liberal in the world went into effect midnight last night. the state will start licensing farms and retail stores to grow and sell marijuana next year. police across the state are said to be taking a laissez-faire approach. >> where's that willie geist? actually, that's heilmann. you know, i'm surprised connecticut has a pretty darn liberal la
military officials and the obama administration want greater flexibility to launch operations against terror groups in africa. the operations would target al qaeda-related groups in countries like mali, nigeria, libya and others. >>> and "the oregonian," it was 71 years ago today that pearl harbor was bombed by the japanese in a surprise attack. 2,400 americans were killed. thousands will gather today to remember the raids with a moment of silence at 7:55 a.m., the exact time...
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why do you think that we won't see the obama administration as being the first administration since the '80s to give up this pseudo war on drugs? >> you know, they have taken some stones war on drugs. the one thing obama did in 2010 is he lowered the disparity between crack cocaine and cocaine. his view is this is a prevention matter and they're working on that. for whatever reason, i'm not sure why. if you go on the white house website, they have a long page about how marijuana use is bad, bad, bad, hurts your health, et cetera in the same way you can say about smoking. but they are just not there yet. i'm not sure why. a lot of liberals like he is going to change his mind in the next four years. and i'm not certain of that. what you're seeing right now in colorado and washington tells you his mind is probably not changing on this issue. >> all right. brain trust, don't go anywhere. when we come back, apparently when he heard of jim demint's departure, your friend, joel sawyer, lindsey graham said he nearly fell off his couch. what the move means for the gop that is coming up a little
why do you think that we won't see the obama administration as being the first administration since the '80s to give up this pseudo war on drugs? >> you know, they have taken some stones war on drugs. the one thing obama did in 2010 is he lowered the disparity between crack cocaine and cocaine. his view is this is a prevention matter and they're working on that. for whatever reason, i'm not sure why. if you go on the white house website, they have a long page about how marijuana use is...
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what the obama administration and geithner said is massive tax increases and zero reforms. our savings come from not occupying iraq for the next 20 years. the budget they put forward was laughed out of the house and the senate last year. no democrat wanted to agree to that before they ran for re-election. >> but you're making the case because there is still the fundamental question of whether republicans feel beholden to the position that they cannot raise taxes, even if it's mandatory for how government out to operate. >> well, it didn't work that well in greece. not so positive in spain. these countries were deeply committed to your position. no tax increases. >> those states were bankrupted by their overspending. >> no one wanted to pay for it. >> the modern republican party wants less taxes and lower spending. they passed a ryan plan which reforms entitlements, reforms taxes, doesn't raise taxes. it's the democrats who don't have a legislative budget. >> make the case for why you view this the president making a truly balanced approach to not just solving this problem b
what the obama administration and geithner said is massive tax increases and zero reforms. our savings come from not occupying iraq for the next 20 years. the budget they put forward was laughed out of the house and the senate last year. no democrat wanted to agree to that before they ran for re-election. >> but you're making the case because there is still the fundamental question of whether republicans feel beholden to the position that they cannot raise taxes, even if it's mandatory...
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after first supporting the defense of marriage act, the obama administration concluded last year that it violates the constitution. >> we cannot defend the federal government poking its nose into what states are doing and putting the thumb on the scale against same sex companies. >> reporter: house republicans are now taking up the law's legal defense. supporters say it helps preserve traditional marriage. >> unions of two men and two women are not the same thing as a marriage between a man and a woman. only marriage between a man and a woman can connect children to their mother and father and their parents to the children. >> reporter: the fact that the court has agreed to take up both cases, including the battle over proposition 8 from california, could mean that the justices are prepared to get to the constitutional heart of the same-sex marriage issue. that might result in what would essentially be the roe v. wade of gay rights. >> thanks for that. >>> back to you, molly. you were doing a big piece of this for "the atlantic" for next week. what did you find most interesting in you
after first supporting the defense of marriage act, the obama administration concluded last year that it violates the constitution. >> we cannot defend the federal government poking its nose into what states are doing and putting the thumb on the scale against same sex companies. >> reporter: house republicans are now taking up the law's legal defense. supporters say it helps preserve traditional marriage. >> unions of two men and two women are not the same thing as a marriage...
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the obama administration has basically -- basically, they are tony blair to george w. bush's margaret thatcher. they have said, we have to keep 98% of the bush tax cuts in place for the betterment of the economy. >> it's so much bigger than that. >> they have won. >> republicans won. >> we have won. tax breaks. >> so to give a couple of percentage points to 2% of people. >> it could be so much bigger because the conversation has been shifted to how do we reduce our deficit. >> brian sullivan, thank you so much. greatly appreciate your insights. thanks for being with us on "way too early." you can catch brian on cnbc's "street signs" at 2:00 p.m. he is the hardest working man in show business, or at least on the other side of the river. >>> coming up this morning, we've got republican senator tom coburn. can't wait to talk to tom. also, tom cole will be here on set. that's great. we're going to ask him what he was thinking last week. i'm joking. congressman. also, democratic senator claire mccaskill. can you believe this? and congressman chris van hollen. also, we're go
the obama administration has basically -- basically, they are tony blair to george w. bush's margaret thatcher. they have said, we have to keep 98% of the bush tax cuts in place for the betterment of the economy. >> it's so much bigger than that. >> they have won. >> republicans won. >> we have won. tax breaks. >> so to give a couple of percentage points to 2% of people. >> it could be so much bigger because the conversation has been shifted to how do we...
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"the new york times," the obama administration secret arms shipments to qatar to help overthrow moammar gadhafi. according to "the times," some of those weapons were turned over to islamic militant groups. the support from qatar helped destabilize gadhafi's regime, but american officials remain concerned over where the arms ended up. >> "the wall street journal," egypt descending into political turmoil after another night of intense clashes on the doorsteps of the presidential palace. it's the largest confrontation since the revolution that overthrew hosni mubarak. critics say he's rushing through a constitution with an islamic agenda. >>> u.s. and russian senior diplomats will meet today with the united nations peace envoy for syria in an attempt to end the civil war there. this comes as pentagon sources tell nbc news there is intelligence suggesting the syrian government has loaded sarin gas into aerial bombs and awaiting command from president assad for its use. >>> and from our parade of papers, "the san francisco chronicle," american jazz legend dave brubeck died just short of his
"the new york times," the obama administration secret arms shipments to qatar to help overthrow moammar gadhafi. according to "the times," some of those weapons were turned over to islamic militant groups. the support from qatar helped destabilize gadhafi's regime, but american officials remain concerned over where the arms ended up. >> "the wall street journal," egypt descending into political turmoil after another night of intense clashes on the doorsteps...